Skip to content

CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

FTSE 100 tries to rebound, while DAX and S&P 500 continue their rallies

The DAX and S&P 500 are firmly in rally mode, pushing up in early trading. The FTSE 100 meanwhile is still looking for strong bullish momentum.

Video poster image

FTSE 100 looks to play catch-up

Friday saw the FTSE 100 resume its move higher, after stabilising above the 50-day simple moving average (SMA) on Thursday.

Gains carried it back to the 7340 zone that marked the high earlier in October. A move above this opens the way to 7450 and above this on to 7556. Trendline support from the October low would suggest a move below 7260 is needed to indicate a more sustained pullback.

FTSE 100 chart Source: ProRealTime
FTSE 100 chart Source: ProRealTime

DAX back above 13,000

A fresh 17-month high today confirms the strength of the current rally for the DAX.

The next target is 13,180, being the highs from April and May 2018, and from here the 13,600 high from January 2018 finally comes back into play. Intraday support is possible around 12,800, then 12,700 and 12,600.

DAX chart Source: ProRealTime
DAX chart Source: ProRealTime

S&P 500 starts the week with a new record

The S&P 500 has recorded a new record high in early trading, emboldened by the recent jobs report, trade talk optimism and the usual strong fourth quarter seasonality.

Last week saw a dip towards 3025 find buyers, and intraday pullbacks more generally continue to discover buying pressure. For now, the bulls are firmly in control, although the smooth march higher is not likely to last all the way to the end of December.

S&P 500 chart Source: ProRealTime
S&P 500 chart Source: ProRealTime

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Seize your opportunity

Deal on the world’s stock indices today.

  • Trade on rising or falling markets
  • Get one-point spreads on the FTSE 100
  • Unrivalled 24-hour pricing

See opportunity on an index?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on an index?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Get spreads from one point on the FTSE 100
  • Trade more 24-hour indices than any other provider
  • Analyse and deal seamlessly on smart, fast charts

See opportunity on an index?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.